FOREX TradingCharts.com

Financial News: COLOMBIA: Colcap Drops 0.60% Due To Bancolombia And

COLOMBIA: Colcap Drops 0.60% Due To Bancolombia And Avianca

09/20/2017 - 19:23:00 (RTTNews)

(RTTNews) - Colcap, the main index of the Colombian Stock Exchange, fell 0.60% Wednesday, closing at 1,486.49 points due to the low performance of Bancolombia and Avianca.

Andrés Fonseca, an analyst at Alianza Valores, said that investors maintained their profit-taking in Bancolombia's shares after the bank's sustained gains on the eve of the rebalancing of the FTSE and Hcolsel indexes.

Avianca closed the day with 1.19% losses after failing to reach an agreement with the pilots union, leading to a halt in their activity. Hernán Rincón, Avianca's president, said at a press conference that the strike is costing US$ 2 million per day for the company.

During the day, investors also followed the U.S. Federal Reserve Bank's monetary policy decision that kept interest rates within a 1-1.25% range, as expected by the market.

The shares of Canacol (+1.31%), Ecopetrol (+0.73%), Banco de Bogotá (+0.32%), Éxito (+0.26%), and Cemargos (+0.17%) rose, while Bancolombia (-2.11%), Preferencial Bancolombia (-1.98%), and Avianca (-1.19%) fell.

The locally traded U.S. dollar closed the day at 2,891.15 Colombian pesos, marking a 0.37% fall. Agustín Vera, an analyst at Global Securities, said that the Japanese yen and the Swiss franc, considered safe-haven assets, gained positions after comments by the U.S. President Donald Trump at the United Nations General Assembly.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Existing Home Sales Unexpectedly Rebound In September (58 min(s), 11 sec(s) ago)
(RTTNews) - After reporting U.S. existing home sales at their lowest level in a year in the previo ...Full Story»

Bank Of Italy Estimates Q3 Growth At 0.5% (52 min(s), 11 sec(s) ago)
(RTTNews) - Italy's economic growth improved slightly in the third quarter, led by strong perf ...Full Story»

Bank Of Italy Sees Q3 Growth Of 0.5% (51 min(s), 11 sec(s) ago)
(RTTNews) - Italy's economic growth improved slightly in the third quarter, led by strong perf ...Full Story»

Bank Of Korea Likely To Keep Rates Low For A Prolonged Period (37 min(s), 11 sec(s) ago)
(RTTNews) - The Bank of Korea is likely to keep the policy rate at 1.25 percent not just for the r ...Full Story»

UK Logs Decade Low Budget Deficit For September (07 min(s), 11 sec(s) ago)
(RTTNews) - The UK budget posted the smallest budget deficit in a decade for the month of Septembe ...Full Story»

Italy's Current Account Surplus Rises In August (01 hr(s), 11 min(s), 49 sec(s) ago)
(RTTNews) - Italy's current account surplus increased in August from the previous year, the Ba ...Full Story»

Latvia Producer Price Inflation Unchanged (01 hr(s), 14 min(s), 49 sec(s) ago)
(RTTNews) - Latvia's producer price inflation was unchanged in September, as an acceleration i ...Full Story»

BoJ Chief Says Economy Well Balanced By External, Domestic Demand (01 hr(s), 44 min(s), 49 sec(s) ago)
(RTTNews) - The Japan economy has been well-balanced by both external and domestic demand, Bank of ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Existing Home Sales Unexpectedly Rebound In September

10/20/2017 - 10:21 AM (RTTNews)
(RTTNews) - After reporting U.S. existing home sales at their lowest level in a year in the previo ...Full Story>>

Bank Of Italy Estimates Q3 Growth At 0.5%

10/20/2017 - 10:15 AM (RTTNews)
(RTTNews) - Italy's economic growth improved slightly in the third quarter, led by strong perf ...Full Story>>

Bank Of Italy Sees Q3 Growth Of 0.5%

10/20/2017 - 10:14 AM (RTTNews)
(RTTNews) - Italy's economic growth improved slightly in the third quarter, led by strong perf ...Full Story>>

Bank Of Korea Likely To Keep Rates Low For A Prolonged Period

10/20/2017 - 10:00 AM (RTTNews)
(RTTNews) - The Bank of Korea is likely to keep the policy rate at 1.25 percent not just for the r ...Full Story>>

UK Logs Decade Low Budget Deficit For September

10/20/2017 - 08:30 AM (RTTNews)
(RTTNews) - The UK budget posted the smallest budget deficit in a decade for the month of Septembe ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.